According
to a new market report published by Transparency Market Research
(www.transparencymarketresearch.com) “Polymethyl Methacrylate
(PMMA) - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2013 – 2019”, the global Polymethyl Methacrylate market
was valued at USD 5.74 billion in 2012 and is expected to reach USD
10.53 billion by 2019, growing at a CAGR of 7.9% over the forecast
period from 2013 to 2019.
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the full report at Polymethyl Methacrylate Market - Global Industry
Analysis, Size, Share, Growth, Trends And Forecast 2013 - 2019
http://www.transparencymarketresearch.com/polymethyl-methacrylate-market.html
Growth
of major end use industries such as electronics especially LED flat
screens, signs and displays and automotive mainly in the emerging
economies of Asia Pacific is expected to boost the market for PMMA
over the next six years. However, the volatility in raw material
prices is expected to hinder market growth over the forecast period.
In order to reduce reliance on petroleum derived products, major
manufacturers such as Mitsubishi Rayon Company, Evonik Industries AG
and Arkema SA have been shifting their focus towards developing
bio-based PMMA.
PMMA
extruded sheets and pellets together accounted for more than 70% of
the total global market in 2012. These PMMA forms find wide
applications in several industries including electronics, signs and
display, construction and automobiles among others. Owing to its new
found use in coatings and emulsions market PMMA beads (powder) form
is expected to be the fastest growing market at an estimated CAGR of
8.8% from 2013 to 2019.Cell cast sheet and blocks is another PMMA
form widely used for construction activities owing to its impact
strength and weather resistance.
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Signs
and displays industry emerged as the largest consumer of PMMA with
37% of the global market in 2012. The electronics industry especially
flat display screens is expected to be the fastest growing market for
PMMA at an estimated CAGR of 8.8% over the forecast period, owing to
growing disposable income of the population in developing
countries.of such as China, India, Brazil, South Africa, among others
In addition, broadening application of PMMA in other segments such as
furniture and interiors, sanitary ware, fashion and apparel among
others, is expected to boost PMMA consumption over the next six years
Asia
Pacific dominated the PMMA market with more than 50% of the global
market in 2012. Along with being the largest market, Asia Pacific is
also expected to be the fastest growing market at an estimated CAGR
of 9.3% for PMMA from 2013 to 2019. Europe is expected to witness
moderate growth rate in the near future owing to euro-zone crisis,
while Middle East and Africa (MEA) and Central and South America
(CASA) are expected to show above average growth for the PMMA market.
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all Press Releases:
http://www.transparencymarketresearch.com/press-releases.htm
The
PMMA market is concentrated with top four players holding more than
70% share. Some of the key manufacturers of PMMA include Mitsubishi
Rayon Company, Evonik Industries AG., Arkema SA (Altuglas
International),Chi Mei Corporation, Sumitomo Chemical Company and Dow
Chemical Company among others.
Browse
all Article :
http://www.transparencymarketresearch.com/articles.htm
The
report segments the global PMMA market as,
PMMA
Market: Forms Analysis,
Extruded
Sheet
Pellets
Cell
cast sheet and blocks
Beads
PMMA
Market: Application Segment Analysis,
Signs
and display applications
Construction
Automotive
Electronics
Other
(aerospace, electronics, etc)
PMMA
Market: Regional Analysis,
North
America
Europe
Asia
Pacific
Central
and South America
Middle
East and Africa
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gather and analyze information.
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research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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